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Topgolf Callaway Brands Corp. MODG
Consumer Cyclical - Leisure - NYSE - US
Watchlist
$ 6.87
0.881 %
$ 1.26 B
Market Cap
-0.87
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one MODG stock under the worst case scenario is HIDDEN Compared to the current market price of 6.87 USD, Topgolf Callaway Brands Corp. is HIDDEN

MODG Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one MODG stock under the base case scenario is HIDDEN Compared to the current market price of 6.87 USD, Topgolf Callaway Brands Corp. is HIDDEN

MODG Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one MODG stock under the best case scenario is HIDDEN Compared to the current market price of 6.87 USD, Topgolf Callaway Brands Corp. is HIDDEN

MODG Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart MODG

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1M 11%
6M -24%
1Y -117%
3Y -193%
5Y -112.0%
All
$10.0$10.0$9.5$9.5$9.0$9.0$8.5$8.5$8.0$8.0$7.5$7.5$7.0$7.0$6.5$6.5$6.0$6.0$5.5$5.515 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '25
FINANCIALS
4.24 B REVENUE
-1.06%
Growth Rates
1Year -1.06%
3Years 10.60%
5Years 20.04%
7Years 22.08%
10Years 16.93%
-1.26 B OPERATING INCOME
-528.90%
Growth Rates
1Year -528.90%
3Years -197.36%
5Years -59.97%
7Years -49.82%
10Years -45.28%
-1.45 B NET INCOME
-1523.89%
Growth Rates
1Year -1523.89%
3Years -76.48%
5Years -80.71%
7Years -66.68%
10Years -57.08%
382 M OPERATING CASH FLOW
4.74%
Growth Rates
1Year 4.74%
3Years 11.14%
5Years 34.57%
7Years 18.32%
10Years 26.34%
-297 M INVESTING CASH FLOW
45.24%
Growth Rates
1Year 45.24%
3Years -22.47%
5Years 11.11%
7Years -3.70%
10Years -28.06%
-23.6 M FINANCING CASH FLOW
-6.28%
Growth Rates
1Year -6.28%
3Years 42.49%
5Years -0.94%
7Years -4.27%
10Years -6.24%
924 M REVENUE
-8.74%
Growth Rates
1Year -1.06%
3Years 10.60%
5Years 20.04%
7Years 22.08%
10Years 16.93%
-1.46 B OPERATING INCOME
-4334.72%
Growth Rates
1Year -528.90%
3Years -197.36%
5Years -59.97%
7Years -49.82%
10Years -45.28%
-1.51 B NET INCOME
-1090.17%
Growth Rates
1Year -1523.89%
3Years -76.48%
5Years -80.71%
7Years -66.68%
10Years -57.08%
43.3 M OPERATING CASH FLOW
-88.81%
Growth Rates
1Year 4.74%
3Years 11.14%
5Years 34.57%
7Years 18.32%
10Years 26.34%
-42.7 M INVESTING CASH FLOW
-268.10%
Growth Rates
1Year 45.24%
3Years -22.47%
5Years 11.11%
7Years -3.70%
10Years -28.06%
10.8 M FINANCING CASH FLOW
-39.66%
Growth Rates
1Year -6.28%
3Years 42.49%
5Years -0.94%
7Years -4.27%
10Years -6.24%
Balance Sheet Topgolf Callaway Brands Corp.
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Current Assets 1.6 B
Cash & Short-Term Investments 445 M
Receivables 283 M
Other Current Assets 873 M
Non-Current Assets 6.04 B
Long-Term Investments 0
PP&E 3.56 B
Other Non-Current Assets 2.48 B
5.83 %3.70 %11.43 %46.60 %32.44 %Total Assets$7.6b
Current Liabilities 826 M
Accounts Payable 96.4 M
Short-Term Debt 356 M
Other Current Liabilities 373 M
Non-Current Liabilities 4.4 B
Long-Term Debt 4.03 B
Other Non-Current Liabilities 373 M
6.81 %7.14 %77.08 %7.13 %Total Liabilities$5.2b
EFFICIENCY
Earnings Waterfall Topgolf Callaway Brands Corp.
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Revenue 4.24 B
Cost Of Revenue 1.4 B
Gross Profit 2.84 B
Operating Expenses 4.09 B
Operating Income -1.26 B
Other Expenses 190 M
Net Income -1.45 B
5b5b4b4b3b3b2b2b1b1b00(1b)(1b)(2b)(2b)4b(1b)3b(4b)(1b)(190m)(1b)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
66.94% GROSS MARGIN
66.94%
Averages
1Year 66.94%
3Years 63.01%
5Years 57.97%
7Years 54.50%
10Years 51.39%
-29.66% OPERATING MARGIN
-29.66%
Averages
1Year -29.66%
3Years -5.89%
5Years -0.78%
7Years 2.03%
10Years 3.00%
-34.15% NET MARGIN
-34.15%
Averages
1Year -34.15%
3Years -9.33%
5Years -5.14%
7Years -1.80%
10Years 1.48%
-60.13% ROE
-60.13%
Averages
1Year -60.13%
3Years -17.83%
5Years -12.71%
7Years -5.53%
10Years 0.28%
-18.96% ROA
-18.96%
Averages
1Year -18.96%
3Years -5.36%
5Years -3.67%
7Years -0.62%
10Years 2.58%
-17.24% ROIC
-17.24%
Averages
1Year -17.24%
3Years -1.91%
5Years 1.64%
7Years 4.00%
10Years 6.15%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Topgolf Callaway Brands Corp.
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200m200m100m100m00(100m)(100m)(200m)(200m)(300m)(300m)(400m)(400m)(500m)(500m)(600m)(600m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -1.45 B
Depreciation & Amortization 268 M
Capital Expenditures -295 M
Stock-Based Compensation 37 M
Change in Working Capital 46.7 M
Others 1.56 B
Free Cash Flow 86.6 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Topgolf Callaway Brands Corp.
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Wall Street analysts predict an average 1-year price target for MODG of $11.3 , with forecasts ranging from a low of $7 to a high of $13 .
MODG Lowest Price Target Wall Street Target
7 USD 1.89%
MODG Average Price Target Wall Street Target
11.3 USD 64.97%
MODG Highest Price Target Wall Street Target
13 USD 89.23%
Price
Max Price Target
Min Price Target
Average Price Target
18181616141412121010886644Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.01 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.040.040.040.040.040.040.030.030.030.030.020.020.010.010.010.010.010.010.000.000.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.040.010.040.010.040.010.040.010.040.02201520152016201620172017201820182019201920202020
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5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Topgolf Callaway Brands Corp.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
115 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Topgolf Callaway Brands to Release First Quarter 2025 Financial Results CARLSBAD, Calif. , May 5, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its first quarter 2025 financial results on Monday, May 12, 2025, after the market closes. prnewswire.com - 2 weeks ago
Topgolf Callaway Brands: It's Crazy Not To Take A Swing At This I maintain a concentrated portfolio and recently invested in Topgolf Callaway Brands, despite the market's disagreement and the firm's significant share price decline. Management plans to spin off Topgolf, allowing each entity to focus on strengths, potentially creating more shareholder value. Despite recent financial challenges, including a $1.45 billion impairment charge, I believe the stock is significantly undervalued. seekingalpha.com - 1 month ago
Topgolf Callaway Brands Announces Agreement to Sell Jack Wolfskin to ANTA Sports CARLSBAD, Calif. , April 10, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") announced that it has entered into an agreement to sell its Jack Wolfskin business to ANTA Sports for a base price of $290 million in cash, subject to net working capital and other customary adjustments. prnewswire.com - 1 month ago
Swing Big, Save Bigger: Topgolf and Verizon Team Up on Modern Golf Fun The multiyear agreement extends Topgolf deals and discounts to Verizon customers DALLAS , March 10, 2025 /PRNewswire/ -- Modern golf entertainment leader Topgolf and Verizon, the largest wireless carrier in the United States, have officially teed up a game-changing partnership that brings exclusive perks and experiences to Verizon customers across the country. Verizon customers are set to score big thanks to the multiyear agreement featuring seasonal discounts, unique event packages and exclusive gift card promotions – all available through the Verizon Access program in the Verizon app. prnewswire.com - 2 months ago
Topgolf Callaway: Why Investors Should Take A Swing Topgolf and Callaway will separate into two independent companies, potentially unlocking value. Callaway will focus on golf equipment, while Topgolf will operate as a debt-free entertainment brand. The stock has plunged 84% since its peak, largely due to the challenges of merging golf equipment manufacturing with entertainment. However, at $6 per share it is undervalued. Callaway is positioned for stable growth with its premium golf gear and Toptracer technology, while Topgolf presents a higher-risk, high-reward opportunity through international expansion and innovation. seekingalpha.com - 2 months ago
Topgolf Callaway (MODG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates The headline numbers for Topgolf Callaway (MODG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 months ago
Topgolf Callaway Brands (MODG) Reports Q4 Loss, Tops Revenue Estimates Topgolf Callaway Brands (MODG) came out with a quarterly loss of $0.33 per share versus the Zacks Consensus Estimate of a loss of $0.40. This compares to loss of $0.30 per share a year ago. zacks.com - 2 months ago
Topgolf Callaway Posts Revenue Beat Topgolf Callaway Brands (MODG -4.42%), a leading company in the golf and active lifestyle industries, reported its Q4 2024 earnings on Feb. 24, 2025. The company's adjusted EPS exceeded expectations at -$0.33 compared to an anticipated -$0.40. fool.com - 2 months ago
TOPGOLF CALLAWAY BRANDS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 RESULTS HIGHLIGHTS Q4 consolidated Net Revenue growth of 3% and strong Adjusted EBITDA growth both outperformed guidance. Total Company operating cash flow increased 5% to $382 million and Adjusted Free Cash Flow increased 27% to $203 million. prnewswire.com - 2 months ago
Topgolf Callaway: Q4 Preview, A Costly Mistake With No Clear Turnaround - 'Sell' The merger of Topgolf and Callaway was a strategic mistake, leading to high debt and damaging Callaway's premium brand image. Topgolf's revenue growth has slowed due to economic normalization, with declining consumer spending and rising interest rates. The combined company faces significant financial challenges, and even the intended spin-off carries substantial uncertainties. seekingalpha.com - 2 months ago
Topgolf Callaway Brands to Release Fourth Quarter and Full Year 2024 Financial Results CARLSBAD, Calif. , Feb. 17, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its fourth quarter and full year 2024 financial results on Monday, February 24, 2025, after the market closes. prnewswire.com - 3 months ago
3 Stocks Under $10 That Could Turn Risk Into Reward MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. marketbeat.com - 3 months ago
8. Profile Summary

Topgolf Callaway Brands Corp. MODG

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COUNTRY US
INDUSTRY Leisure
MARKET CAP $ 1.26 B
Dividend Yield 0.00%
Description Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories. It operates through three segments: Topgolf; Golf Equipment; and Apparel, Gear and Other. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, multiple bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under the Callaway and Odyssey brands, as well as golf balls under the Callaway Golf and Strata brands. The Apparel, Gear and Other segment offers golf apparel and footwear; golf accessories, including golf bags, golf gloves, headwear, and practice aids under the Callaway brand; and golf and lifestyle apparel, hats, luggage and accessories, footwear, belts, facemasks, sunglasses, socks, and underwear under the TravisMathew brand. This segment also provides storage gear for sport and personal use, such as backpacks; travel, duffel, and golf bags; and storage gear accessories, as well as outerwear, headwear, and accessories under the OGIO brand. In addition, it offers outdoor apparel comprising jackets, trousers, dresses, skirts, and tops; and footwear and outdoor equipment, including packs and bags, travel bags, tents, sleeping bags, and accessories under the Jack Wolfskin brand. The company sells its products through golf retailers, sporting goods retailers, on-line retailers, mass merchants, department stores, third-party distributors, and mail order stores, as well as through its websites in the United States and approximately 120 countries. The company was formerly known as Callaway Golf Company and changed its name to Topgolf Callaway Brands Corp. in September 2022. Topgolf Callaway Brands Corp. was incorporated in 1982 and is headquartered in Carlsbad, California.
Contact 2180 Rutherford Road, Carlsbad, CA, 92008 https://www.callawaygolf.com
IPO Date Feb. 28, 1992
Employees 30000
Officers Ms. Maryam Morse Chief People Officer Mr. Glenn F. Hickey Executive Vice President & President of Callaway Golf Ms. Jennifer Thomas Senior Vice President & Chief Accounting Officer Sean Toulon Senior Vice President Mr. Brian P. Lynch J.D. Executive Vice President, Chief Legal Officer & Chief Financial Officer Mr. Mark F. Leposky Executive Vice President & Chief Supply Chain Officer Ms. Erin Chamberlin Chief Operating Officer Ms. Katina Metzidakis Vice President of Investor Relations & Corporate Communications Mr. Arthur Francis Starrs III Chief Executive Officer of Topgolf International, Inc. Mr. Oliver G. Brewer III President, Chief Executive Officer & Director